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<br />DAS:mrnrr 9/6/88 (#23/018) <br /> <br />further obligation of each of them, respectively, arising out of <br /> <br />the submittal of Coast Electric Company's bid. The City Clerk is <br /> <br /> <br />hereby authorized and directed to return to the unsuccessful <br /> <br /> <br />bidders, and to the unsuccessful bidder upon execution by it of <br /> <br /> <br />the contract for the performance of said work, all securities <br /> <br />guaranteeing execution of the contract upon award. <br /> <br />* <br /> <br />* <br /> <br />* <br /> <br />* <br />